Massachusetts Development plans $325 million Partners HealthCare bonds

By Marisa Wong

Morgantown, W.Va., Dec. 31 – Partners HealthCare System, Inc. plans to offer about $325 million of tax-exempt or taxable fixed-rate bonds during the week of Jan. 18, according to a notice.

The bonds will be issued through the Massachusetts Development Finance Agency as revenue bonds.

Proceeds will be used to finance capital projects and to refinance the $75 million of series 2011K-4 bonds that are subject to mandatory tender on Jan. 14.

Partners is a Boston-based non-profit hospital and physicians network.

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